Beijing, China, April 06, 2020

AIIB Approves USD404-M Loan to Improve Bangladesh Cross-Border Connectivity

The Asian Infrastructure Investment Bank (AIIB) has approved a USD404-million loan to improve Bangladesh’s intercity travel and cross-border connectivity.

The upgrade of the country’s national highway N2 between Sylhet and the Tamabil border crossing will improve overall commuter safety and reduce travel times for road users, including freight vehicles and buses.

The Sylhet-Tamabil road (about 56.16 kilometers) is part of the Dhaka-Narsingdi-Sylhet-Tamabil National Highway corridor with a total length of 286 kilometers. The corridor is strategically important for subregional connectivity with seven northeastern states of India, as well as Bhutan, Myanmar and China.

Project funds will go toward the construction, operation and maintenance of roads, in addition to institutional and project management support.

“As the first stand-alone transport project supported by AIIB in Bangladesh, the project will allow the Bank to gain experience in cross-border connectivity in South Asia,” said AIIB Vice President, Investment Operations, D.J. Pandian. “At the same time, the project will allow the country to improve sustainability and potentially attract private sector participation and community involvement in road maintenance.”

In 2018, Bangladesh received a USD813,000 non-reimbursable grant from AIIB’s Special Fund to assist with the project’s preparation. Established in 2016, the Fund is a multidonor facility with the primary purpose of supporting eligible AIIB members, especially low-income members, prepare bankable infrastructure projects.

The latest investment brings AIIB’s total commitment in Bangladesh to USD898 million.

About AIIB

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, we began operations in January 2016 and have now grown to 102 approved members worldwide. By investing in sustainable infrastructure and other productive sectors in Asia and beyond, we will better connect people, services and markets that over time will impact the lives of billions and build a better future.

Logos for Download

AIIB logo is available in JPEG and PDF format.

DOWNLOAD

Media Contact

Lingxiao He

Press Officer

+86 10 8358 0683

SEND AN EMAIL
More News Articles

Beijing, July 11, 2025

AIIB Achieves Record Demand and Broad Investor Participation in Latest Panda Bond

The Asian Infrastructure Investment Bank (AIIB, Aaa/AAA/AAA) has successfully returned to China’s onshore bond market with its first 2-year Panda Bond, raising CNY2 billion and achieving record demand and investor diversification.

READ MORE

Beijing, July 11, 2025

AIIB Appoints Kaisu Christie as Vice President and Chief Administration Officer

The Asian Infrastructure Investment Bank (AIIB) has appointed Kaisu Christie as Vice President and Chief Administration Officer (VPCAO), effective July 2025. Christie will lead AIIB’s Human Resources, Information Technology and Facilities and Administration Services departments, driving the Bank’s strategic objectives through operational excellence and innovation.

READ MORE

Beijing, July 09, 2025

AIIB Appoints Kim-See Lim as Chief Investment Officer, Public Sector (Region 1) and Financial Institutions and Funds (Global) Clients

The Asian Infrastructure Investment Bank (AIIB) has appointed Kim-See Lim as Chief Investment Officer, Public Sector (Region 1) and Financial Institutions and Funds (Global) Clients, effective July 2025. Lim will play a leading part in ensuring alignment with AIIB’s corporate strategy and strengthening client engagement across the bank.

READ MORE

Beijing, July 09, 2025

AIIB Commits USD100 Million to IIFL Home Finance to Enhance Access to Affordable Housing Finance in India

The Asian Infrastructure Investment Bank (AIIB) has signed a USD100-million (in equivalent Indian Rupees) facility with IIFL Home Finance Limited (IIFLHF) to improve financial access to affordable housing in India, specifically targeting the economically weaker sections (EWSs) and low-income groups (LIGs). This investment will also promote green building practices aligned with India’s climate goals.

READ MORE